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The purpose of our research is to propose classification of costing methods and clarify to what extent costing methods are used in Bulgaria. The methodology of our work is split in two parts. First, we propose a classification of costing methods, as currently there is no unified method in the academic and professional world. Second, we summarize the results of a survey we performed in 2013, 2014 and 2015, regarding costing methods in Bulgaria as part of further global research concerning the state of management accounting in Bulgaria. This is one of the first and rare attempts to evaluate the level of usage of costing methods in Bulgaria and investigate accompanying problems. Our findings lead to the conclusion that although costing methods are used traditionally and on a large scale globally, they are not well known in Bulgaria. New costing methods is not a familiar concept to many of the small and medium sized entities that are prevailing in Bulgaria and Europe. Costing methods are one of the most traditional and widely used instruments for both financial and management accounting. They are very important for the evaluation of internally produced assets and services, for pricing decisions and planning future activity. Using suitable costing methods is crucial for the delivery of correct data to the internal processes of a company and calculating its final financial results. Our research shows the need of deeper knowledge and wider adoption of costing methods across all enterprises- a process that should be actively supported by management and company owners. [ABSTRACT FROM AUTHOR]